Times of Oman
Nov 30, 2015 LAST UPDATED AT 07:37 PM GMT
ODB pledges to support SMEs
January 26, 2013 | 12:00 AM

Muscat: Hamad bin Salim Al Harthy, Assistant General Manager of Oman Development Bank (ODB) – Branches, confirmed that the bank will work on crystallising the decisions taken by the Symposium on the Development of Small and Medium Enterprises held recently in the wilayat of Bahla.

He said this would be achieved through a restructuring of the bank in order to meet the requirements of the small and medium enterprises (SMEs) in the Sultanate. Al Harthy said ODB will take this step so as to be able to provide its services and banking facilities to meet the aspirations of new entrepreneurs and the owners of SMEs.

"The ODB's restructuring will contribute to developing the services of the bank more effectively in supporting the entrepreneurs who are looking forward to benefiting from its different services and products in establishing and developing their own enterprises. 

Currently, ODB's loan portfolio supports and provides finance to more than 20,000  SMEs; in all the governorates of the Sultanate", Al Harthy said at the conclusion of the symposium.

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